0003 Postal Family
- Assets
- $65.1m
- Revenue
- $3.2m
- Investments
- $21.7m
- Employees
- 11
- Location
- Cincinnati, OH
- Founding
- 04/1969
- Data as of
- 12/2023
- EIN
- 31-0240910
Organization Overview
0003 Postal Family is located in Cincinnati, OH. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, 0003 Postal Family employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0003 Postal Family is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2023, 0003 Postal Family generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THRIFT AND TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Crowley Chairman | OfficerTrustee | 0 | $0 |
Lance Wagner Board Member | Trustee | 0 | $0 |
William Nolan Treasurer | OfficerTrustee | 0 | $0 |
Mark Mercer Vice Chairman | OfficerTrustee | 0 | $0 |
Charles Willis Board Member | Trustee | 0 | $0 |
Lauren Ditullio Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,202,451 |
| Investment income | $895,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,522 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,163,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $297,887 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,973 |
| Pension plan accruals and contributions | $65,359 |
| Other employee benefits | $49,981 |
| Payroll taxes | $46,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $37,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,938 |
| Advertising and promotion | $73,944 |
| Office expenses | $385,978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $202,804 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,167 |
| All other expenses | $0 |
| Total functional expenses | $2,141,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,961 |
| Savings and temporary cash investments | $2,728,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,977,244 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $937,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,656,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,204,007 |
| Total assets | $65,072,430 |
| Accounts payable and accrued expenses | $420,513 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,268,628 |
| Total liabilities | $54,689,141 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $10,383,289 |
| Total liabilities and net assets/fund balances | $65,072,430 |